Author Topic: Fun with BMO survey  (Read 1628 times)

KMMK

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Fun with BMO survey
« on: August 11, 2015, 02:58:19 PM »
Just finished doing this fun survey from BMO. Apparently they are considering a new marketing strategy and I was happy to tell them what I thought about it:




The above is why I then answered this:



Afterwards I went to check out the BMO mutual fund MERs and yep, around 1.5-2.5%. My TD e-series averages around 0.6%. I can't remember exactly.

daverobev

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Re: Fun with BMO survey
« Reply #1 on: August 11, 2015, 04:50:17 PM »
E-series is about 0.33% or something like that.

BMO charging that much for Mutual Funds is *criminal* considering they have a pretty decent line of ETFs! ZCN, ZEA, etc, etc.

MgoSam

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Re: Fun with BMO survey
« Reply #2 on: August 11, 2015, 05:00:58 PM »
.33% is still way more than Vanguard or Fidelity offers.

Do these funds cover anything different?

daverobev

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Re: Fun with BMO survey
« Reply #3 on: August 11, 2015, 07:47:05 PM »
.33% is still way more than Vanguard or Fidelity offers.

Do these funds cover anything different?

Canada, not US, so much smaller market = higher fees generally (stack 'em high, sell 'em cheap principle). Plus eseries are mutual funds rather than ETFs, so the bank can auto pull, invest money with no commission, with fractional units. Vs my choice, Questrade, I have to transfer money in, no auto DRIP, I have to initiate buys or sells, whole units of shares only... but access to US as well as Canadian markets, and hence cheap MER ETFs.